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Carl B Menger
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Bitcoin Chief Hodler Subscribe: https://carlbmenger.substack.com/

JUST IN: Secured Overnight Financing Rate (SOFR) jumps to 5.4%, the highest level in history

*The SOFR is the benchmark interest rate that measures the cost of borrowing cash overnight.

The world is sitting on a $91 trillion debt problem. ‘Hard choices’ are coming.

https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html

When all the productivity gains of the last centuries are distributed to a few through government money printing. R.I.P. Europe.

#Bitcoin teaches you to endure short term pain for long term gain.

The #Gold Standard failed because of the ability of coin clipping, the difficulty of verifying gold holdings, the bulky and costly transportation and because of a few governments that controlled the entire gold supply.

#Bitcoin  fixes all of it.

In the ever-expanding realm of the #Bitcoin community, we witness a convergence of diverse souls, each bringing unique talents and perspectives to the fore.

This gathering transcends mere participation, embodying a philosophical shift towards uncorruptible hard money. When the fragile edifice of fiat currency crumbles, one might wager all their #Bitcoin on the collective ingenuity and resilience of this community.

United by a shared vision, we will not merely endure the upheaval but will flourish, crafting a new society grounded in principles of fairness and transparency. The promise lies not just in survival but in the creation of a better world, built upon the immutable foundation of #Bitcoin's decentralized ethos.

If you care about your country, read Ludwig Von Mises and the six lessons from the #Austrian School of Economics, motherf*!

Truth doesn’t mind being questioned (#Bitcoin). A lie doesn’t like being challenged (Central banking).

Who are the harshest #Bitcoin  critics in the past?

“#Bitcoin  is, in a nutshell, a bubble, a Ponzi, and an environmental disaster.” - Augustin Carstens, BIS, 2018

“#Bitcoin  is basically a Ponzi scheme.” - Jim Long Kim, World Bank, 2018

“#Bitcoin  has pretty much failed. It is not a store of value and nobody uses it as a medium of exchange.” - Mark Carney, Bank of England, 2018

#Bitcoin  is a scam, it is worth nothing.” - Christine Lagarde, ECB, 2019

The Bank of International Settlement, the World Bank and Central Banks are the harshest critics.

#Bitcoin  is taking their power to print currency and enslave millions. Of course they hate it and this should make you even more bullish!

#Bitcoin is a *truth machine*. And that right there is the escape hatch for humanity from totalitarian centralisation and the Orwellian sociopaths.

Not your vault, not your #Gold. Not your keys, not your #Bitcoin.

Stack #Bitcoin  not consumer debt.

After the selling pressure from #Bitcoin miners has eased, the over-the-counter selling pressure has also dropped sharply.

Fasten your seatbelts. We are ready for take off 🚀

Get some #Bitcoin  and leave the fiat slavery.

Freedom 🏃‍♂️💨

Every month that #Bitcoin has closed red in June has been followed by a bullish double-digit month in July. Send it!

If you look at recent history, it's no wonder why more and more people are losing faith in politics.

Every gorgeous Monday is #Bitcoin  DCA day, to start the week off right.

Have a great one 🔥🧡